Tarred with the same brush.
A few Lloyd's underwriters seem to have a grievance with the credit arrangements they have with some brokers. Consequently, they have chosen to blame the many for the faults of a few.
A couple of high profile non-marine underwriters at Lloyd's recentlyannounced a reduction in their terms of credit, citing problems with
Lloyd's brokers who seemingly live off investment income at their
expense.
The question begs, since when have our customers paid early enough to
allow us this luxury? Far from making fortunes we spend fortunes on behalf
of underwriters chasing the payment of premiums. This can often be a
thankless task.
Credit control is a subject on which I can speak with some
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